Reliance communications has been moving in a strong positive uptrend as indicated by the two parallel red lines. It has strong support near 510 which should be used to for long term buying or on a break of the blue short term trend line indicated by the arrow which is a level above 564. Close below 504 would be a signal to exit and go short. If purchased above 564 keep stop loss at 552. Target 640 and 710.
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